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defense ministry has reacted to this, maintaining the line that any military provocation would not be just. it would be illegal and there would be a thorough and sterner response from the south korean military from any such action. if you read the last line of the statement from the supreme commander, there is perhaps some light in terms of talks. the south koreans have said no fault -- so far as north korea has rejected the request for talks. they said if they truly want dialogue and negotiations, they should apologize for all hostile acts. potentially maybe in a few day'' time we may see talks, particularly about the future of the apparently closed industrial complex were 200 south korean workers remain. to go south korea says they will inject more than 15 billion into the economy. says it willorea inject more than 15 billion into the economy. the money will be used to create jobs, build the stagnant real estate market and cover a tax revenue shortfall. pakistan's former president will not be allowed to run for the national assembly in upcoming elections. he had been cleared to campaign
suggested the united states would reduce our missile defense system in asia for exchange -- in exchange for chinese help with north korea. it seems to me even though we are being threatened by nuclear attack by the north korean government, first of all is that an accurate statement? if so, explain that if you would. >> no. not an accurate statement. i think it was corrected while i was over there. there was reporting to that effect. what i -- there was no offer, no deal, no contemplation of it. what i did say publicly and i'll say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not that same level of deployment is necessary. all i stated was a sort of fact based on the rationale of the deployment itself. >> do you think that the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time every year? >> no. >> all right. thank you for tho
that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
defense ministers have already begun consideration of the size and mission for a post-2014 force in afghanistan. one factor that will influence that decision is the size and capacity of the afghan security forces. in this regard, the recent decision by nato defense ministers to support maintaining the afghan security forces at the current 352,000 through 2018, rather than reducing the support to a level of 230,000, as previously planned, is the right thing to do. it sends an important signal of our continued commitment to a safe and secure afghanistan and make it feasible for us to have a smaller u.s. and coalition presence after 2014. the greatest challenge to afghanistan's security is not the taliban, but the pakistan- based sanctuaries for militant extremists, launching cross border attacks into afghanistan. pakistan has said it supports a stable and secure afghanistan. but its actions belie its words. the u.s.-pakistan relationship will not be normalized so long as those extremists safe havens exist on pakistani territory. another large challenge to a stable afghanistan is th
, requires the inspectors general of the intelligence community, departments of justice and defense, as well as the privacy and civil liberties board to submit a report to congress every year regarding the use of the information shared with the federal government. this amendment asks the inspector general of the department of homeland security to list enspectors general required to submit the report. it also adds the house and senate committee on homeland security to the list of committees that will receive the report. currently only the house and senate intelligence committee will receive the report. having the department of homeland security as a department included in this reporting requirement adds one more layer to this accountability. allow me to talk about the overall bill and why it has my support. i believe we need a 21st century solution for this 21st century problem. i have heard from businesses and constituents in arizona with firsthand knowledge of this issue. it's affecting both large corporations and small businesses alike. our national security, our financial security, are un
flow is going into the defensive sector of stocks. while nobody is watching the money is going into the bond market. these are all warning signs saying you know what? maybe we're at temporary top. maybe we need a correction here. david: gene, you see the warning signs. you see the dow pulling back to 14,000, right? >> that is correct. i do think there are signs which the guest already mentioned. there is weakness of oil to be concerned about over the near term. there is correlation with the oil and stock market since the start of this cycle. weakness in oil could portend investors worries that the economies are slowing down not just in china but globally as well. so that will probably put pressure on the market. the other thing too, we're in the earnings season and this might be the quarter that doesn't delight. that is that we do get some dispoints manned -- disappointments and we get stiff reactions to the disappointments. lori: bob, you were cautious yet looking for stocks to show gains for the year. what do you think will get us past these bumps in the road? >> i think the
are again, a defensive day by and large. the big question i got early this morning is what the heck happened in germany? i don't have an answer for you, and some people are calling it a mini flash crash. the dax dropped 180 points in like, eight minutes right after the open and i don't have an explanation and there is a series floating around about fat figure trades and it was very unusual to see that. germany is now down eight in a row and we are are down 1.7% in germany. france was down 1.5% and there were many knock-on effects as a result of this and that's all i can tell you about it. carl, i think you were mentioning these ping-pong markets and that's the other big topic overnight. so you are down 234 on monday and you're up 160 on tuesday. you are down 103 on wednesday here and it's very tough for active traders to take positions. you get a lot of complaints about this stuff. you get stripped out every day depending on which side you're buying protection on, going long or going short and it's hard to take positions and it gets frustrating for active traders and of course, you can stand
of defense. we built a strengthened homeland security enterprise and a more secure america, better to face the challenges we face. the president'sle budget allows us to build on the progress by preserving core front line operations priorities. at the same time, given the current fiscal environment, this is the third straight year that our budget requests reflects a deduction from the previous year. our request is $800 million below the f.y. 2013 enacted budget. our mission has nod changed and we continue to face evolving threats. we've become more strategic how we use these resources. this is coupled with a unprecedented with a fiscal discipline that has led to $4 billion in cost reductions over the past four years in a process we call efficiency review. before i get to the nuts and bolts of the budget i want to talk about sequestration. >> excuse me. can i ask you to pause a little bit longer. if you could pause for a moment dub. we want to get this quarum ieve we have a .nd if i can find -- here we go i would like to take this opportunity to conduct a brief business meeting -- to consi
of the bad parts of it, i.e. europe, and that takes you to what we call defensive growth, defensive growth, as you say, is health care, is tapels, parts of the media, parts of the technology space, as well, clearly defensive growth. and then the other part of the bar bell, we want to take advantage of some of those attractive valuations in equities and in europe. we would rather go into financials selectively and look at those insurance companies, those banks, as well, which is perhaps have sold off more in the market than the recent pullback and look at all of those companies which have improving or strong capital positions. and you end up looking at some of the german insurers and the swiss bank. they look pretty strong for us. >> jonathan, thanks very much for that. . >>> today is also worldwide -- in china, "worldwide exchange" in china day. i'm in hong kong because i've just spent the weekend at the china entrepreneur's club annual meeting of green companies in china. i've just come back from there and the china entrepreneur's club is a group 50, 51 of the leading ceos of the private
at a cost of $12 billion. the official position of taiwan's ministry of national defense remains committed to procuring those submarines from the u.s. however, as the u.s. stopped making these diesel submarines many years ago, the sale has been stalled. i know we worked with france and some of our allies on this. could you advise what the current status of this submarines being acquired by taiwan is? and finally, you don't necessarily have to comment on this. if you'd like to you can, but former -- but the former president languishes today in a jail cell in taiwan. to me it smacks of the criminalization of politics. . stoot extent this administration communicates with the president i urge you to urge president mah to do the humanitarian thing, president chen's health is failing. i now yield to you, thank you. >> thank you, congressman. i appreciate it. i'll take that and just follow up on it. let me see what we can do about that. on burma, you are absolutely correct. there will be bumps in the road. i hope not big ones. obviously things are happening today that were unimaginable a few year
decreased spending more than 500% and china's defense budget is now the second largest in the u.s. >>> three teenage boys accused of sexually assaulting a teenage student who later committed suicide will be in court. the boys are accused of sexually assaulting audrie pott while she was drunk and passed out at a party last year. during a news conference, the boys wrote crude messages on her daughter's body after the attack then e-mailed and texted photos. audrie pott committed suicide eight days later and she said she had been bullied for years. >> i she said i can't do this, i have been here for two years and i can't do it anymore. >> reporter: the parents want to sue the boys and they want them to be tried as adult. the attorneys representing the boys say the information is inaccurate. later today the judge will decide whether they will stay in custody or be released to their parents. >>> investigators say a man was allowed inside an apartment on 10th street by claiming he was a plumber and police say he molested the girl inside the apartment and when the girl started screaming a family mem
, screaming at me, why isn't this guy in jail? look at this way, corzine's defense he put on a trade on italian spanish bonds. we point out that the trade turned out to be very profitable. people got worried about the trade in the market and they pulled out their money from, they pulled out their lines of credit. every brokerage firm needs lines of credit to survive, from mf global. the ensuing madness where mf global, maybe didn't have enough staff on board, caused them, it caused money, customer money to be somehow comingled with the firm money. it is hard to prove, that a, that trade was done with malice. which it wasn't. it turned out to be right ultimately. b, that he really was directing people to misuse customer money. it is, when you break it down, i'm telling you, i'm no fan of jon corzine politically. he is a very nice man personally, this is a hard case to bring. now i'm not saying they are not going to bring it. for all i know they have charges tomorrow. i haven't seen them and i haven't heard of it, but i will tell you he will litigate this back and he could win. this is
you were in china that you suggested the united states would reduce our missile defense system in asia for exchange, in exchange for chinese help with north korea. it seems to me that even though we're being threatened by nuclear attack by the north korean government, first of all, is that an accurate statement? and if so, explain that if you would. >> no, not an accurate statement. i think it was corrected while i was over there. it was reporting to that effect. there was no offer, no deal, no contemplation of it. what i did say publicly and i will say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not th that same level of deployment is necessary. it's all, i stated, was sort of a fact based on the rationale of deployment itself. >> do you think the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time ever you? >> no. >> thank
of the samsung galaxy preorders. in australia, defense sectors powered ahead and sensex now trading flat while the country is seen as a big beneficiary to the recent weakness in commodity prices. back to you. >> okay. thanks very much for that. turning our attention to european session as i mentioned just in the last couple minutes here we've turned sharply lower. a sell-off of 0.7 of 1%. decliners outpace advancers by 4 to 1 ratio. the market is scratching around for this particular sell-off. we're down almost three-quarters of 1%. italy down about 0.4 of 1%. presidential selection process will begin tomorrow. here's a look at the bond space to see if we see major moves to echo the concern we've seen across the equity space but not quite. look at spanish and italian debt, they are rallying. here's a look at what's happening across the space. sterling is weaker. we'll hear bank of england minutes out in just a couple minutes time. dollar/yen weakened this morning but not as much as you would expect given the sell-off across commodities. on cnbc.com, london's mayor boris johnson arguing that fa
the articles. we know now he ran after his own brother. you know what the defense is going to be. i was brainwashed by my brother. i ran over him to get away. >> the older brother, basically was even asked to leave his own mosque because his anti-american views were so strong that the islamic community in cambridge was outraged. >> if they saw this happen, raise this question and raise him and bring this issue to the officials? >> yes. >> that's the other piece of that that year going to be talking about. thank you in boston. michelle, thank you. anything that you see here on "squawk", shoot us an e-mail or follow us on twitter. >>> coming up next, market insight from flem. and morgan stanley. and gold on the rebound after a big slide. find out what's driving the move back above $1,400. plus, what is apple bringing to the earnings table? we tell you what we should be looking for when numbers come out tomorrow. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class i
to aerospace and defense customers during that quarter. dupont reporting 1.56 per share. that was four cents higher than wall street estimates. chairman and ceo will be joining us in a few minutes to talk about all of that. among the other stories we're following this morning a car bomb hit the france embassy in libya today. two french guards were injured. there was extensive damage. this was the first attack on a foreign mission since militants stormed u.s. consulate in benghazi. >> u.s. equity futures have been indicated higher. came in looking at moderate red arrows. dow futures up 65 points above fair value. s&p up by better than four and a half points. overseas in asia overnight you did see a little bit of weakness. hang seng down 1%. and in europe right now, the trends there at least have been following what we have seen here. in fact, the cac is up 2.5%. da x-up 1.6%. the markets have a healthy dose of earnings today. we have seen a lot of that. the market is attractively valued. but he says there are still shorter term technical concerns. joining us is john lynch at wells fargo bank.
Search Results 0 to 15 of about 16

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